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, no rise in the debt ceiling without an equal number of spending cuts. democrats are saying we're not negotiating with you as all, because as whyte white house press secretary jay carney said look what happened when we tried that in 2011 it resulted in a credit rating downgrade. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. it would be irresponsible to flirt with default. we saw what happened in the summer of 2011 when congress did flirt with default. >> and i think we can conclude from the fiscal cliff debate, maria, is that congress and the white house won't reach an agreement before they absolutely have to, and don't rule out possibility that the white house could yet invoke constitutional authority to unilaterally raise that debt limit if congress is not willing to play ball with them. >> we'll be wag. thanks very much. how far can washington push this debt ceiling fight before damage is done to the economy? an economist with ftn financial joins us and steve liesman, our senior e
congress with the debt ceiling plan. you were writing about that earlier in the week. reid to obama, it's okay to skip congress on the debt ceiling. >> that's right. i mean, that just shows how there's really no way out of this situation at this point. the two sides are arguing completely different things. on the one side republicans are saying taxes cannot be considered a part of the equation, and we need to cut spending dollar for dollar for any debt ceiling increase. >> right. the president is saying revenues must be part of an equation, and he does not want to use the debt ceiling as a bargaining chip. so what do they say, skip congress all together because they can't get it done. >> manu raju of politico and marilyn of "roll call," thank you both very much. president obama may have a new immigration plan in the works and what does that mean for his second agenda? and you may have more cash to put in the bank. after the break we'll examine the reason why. you're watching the place for politics. reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the ne
department said they were taking "extraordinary measures" to put off default. the debt ceiling debate is set to be the next big showdown in washington. both republicans and democrats have vowed to hold firm in their position. >>> and speaking of government spending, a report published monday says the obama administration spent $18 billion on immigration enforcement last year, more than on all the other federal law enforcement agencies combined and 15 times greater than immigration spending in 1986. the nonpartisan research group the migration policy institute says immigration has become the government's highest law enforcement priority. among those likely to be unhappy with that report, critics who say the administration has been soft on immigration violators. >>> after weeks of recovery from a concussion that led to a blood clot in her head, secretary of state hillary clinton was back in action monday as clinton presided over a state department meeting, her staff welcomed her back with a gag gift, a football helmet with the state department seal on it. she also got a football jersey with th
is an economist. he is a negotiator. tracy: let's flash forward to the debt ceiling today. what do you think happens? >> i think that the democrats will hold hard on this idea that, you know what, we are tired of you go shooting with the debt ceiling. i think that republicans have leverage. it may not be above board and it may not be to embarrass the president, but, believe me, there will have to be some concessions to republicans or they will be at the edge of the cliff. it just seems to be the way they play ball on the hill. tracy: you are right, it is dÉÀa vu all over again. thank you, sir. >> thank you. tracy: make sure to tune in tomorrow at 1:00 p.m. eastern. ashley: all right. good stuff. always on point. liz claman takes us through the next hour of trading. she has an all-star lineup. of course, she does. they are talking chips and alter books in a fox business exclusive. yes, she has ten tivo. "countdown to the closing bell" is next. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15%
to raise this debt ceiling without a one-to-one corresponding spending cut. the number two democrat in the senate said i will talk about anything, but i don't want to do this last-minute stuff. republicans are saying we are done with tax hikes, that was done in the fiscal cliff deal. we are not doing any more tax hikes. senator durbin says there are more tax hikes probably looning out there for the wealthy. this may sound very familiar 'cause it's pretty much the same argument they have been having around other fiscal issues for two years. >> right. but it could be a more fervent one. we will see. >> yes. yes. >> kansi crowley, as always, a weather. >> thanks, martin. >>> the president is also expected to fail couple other key cabinet posts. already said that senator john kerry is his pick to replace hillary clinton when she steps down as secretary of state kerry has support among republicans and he should, underline should, have a relatively easy ride through its confirmation process. white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim
on the democrats line. whether the president will bypass congress to raise the debt ceiling. caller: i think this raises a large issue. i am not sure the president does have the constitutional authority to do that. our government is dysfunctional right now. i heard you say that the senate would not be coming back in session until after and not duration? that is why i hate washington d.c. so much. they ought to be meeting together. democrats and republicans, trying to get this thing resolved, instead of wherever they happen to be right now. host: stay on the phone for a minute, let me read this to you. this is from the new york post. republican pirates need to take back the people's booty. -- caller: i would agree. i had a second point. the senator from nebraska acted as though military spending is sank rose thanks -- sacred. money going to run factors and various defense companies, why can we not investigate what is happening to that money, to? host: let me share with you the front page of the sunday " washington examiner." the headline is, hidden taxes will take a painful bite. inside is th
. all this sets the stage for a fight over the debt ceiling. the president has already said he's not willing to have. >> last time congress threatened this course of action, our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >> it's a shame that we have to use whatever leverage we have in congress to get the president to deal with the biggest problem confronting our future. and that's our excessive spending. >> let's bring in and say good morning to senator bernie sanders, independent senator from vermont who caucuses with the democrats. it's great to have you here. let's look back at this. after voting to hike taxes for higher income earners in this country, republicans say that the revenue debate, that's over. it's behind them. however, the president, leader pelosi and even you are now ready to go after corporations that in some cases pay no taxes at all. house speaker john boehner has signaled a mild openness to closing loopholes. do democrats smell blood in the water here? and is that where this potential is coming f
on. democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our psychologists will describe the east epidemic. >> a deadly outbreak of the flu declarers the state of emergency. the worst droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. aah! learning how to kick flip 6 stairs takes determination. so will getting into college. i've got what it takes. so do you. a. lou: joining me now is the "a team" monica crowley, a great to have you with us. juan willi
taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our psychologists will describe the east epidemic. >> a deadly outbreak of the flu declarers the state of emergency. the worst outbreak in years. the nra goes to the white house for a meeting and comes out swinging. the "a team." next. [ male announcer ] where do you turn for legal matters? alegalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get
the democrats looking to get rid of these tax credits. >> they need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, while the should be fired. >> even to get rid of some of the special interest tax rates,. >> if you are a republican trying to get good media coverage, you're playing the wrong bit game. that is the only time that you have leverage. if you don't raise the debt ceiling right away, it's not defaulting on their loans. the treasury secretary can cut other spending. it is basically a government shutdown. republicans have lost that in the past. but i think unless there is something that the president has to lose, you don't have any leverage in the spending cuts. gerri: you know, the far left and far right will think that that -- well, the different analyses of what happened. they think will lives lost in the last debate what do you make of that? the republicans were in a much weaker bargaining position. what speaker boehner was doing anything that taxes went up at midnight on december 31. he actually got a tax cut compared where would've been. e
the supreme court involved in the debt ceiling, and we will take you to the annual gathering of each and gadgets that the consumer electronics show in las vegas, including the world's first smart fork. i'm not making that up. they say it will appeal lose weight. stay with us. ♪ ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. gerri: we are covering in like a blanket. what is the craziest new invention? you're going to want one and will show you next. ♪ gerri: the world's biggest annual consumer electronics trade
.c. will hit our 16.4 trillion dollar debt ceiling on february 15th unless congress acts. republicans have said that they will not approve an increase to the debt ceiling, basically our credit limit, without some spending cuts. but a group of democrats have now sent a letter to president obama arguing that he doesn't really need the republicans to say okay to raising the debt ceiling, he can do it himself and if the republicans don't like it, they can take him to court. brit hume is our fox news senior political analyst, brit, so the democrats want president obama to say, if the republicans say you're not getting your debt ceiling increase unless you give us spending cuts, they want president obama to turn around and say i'm not giving them to you and if you refuse to raise the debt ceiling i'm just going to do it, if you don't like it, sue me. is this likely? >> well, i don't think it's a likely outcome and i think if it ever came to that that the president would almost certainly lose some of his administration's lawyers have said as much. and basically what it comes down to, there's a passage
for another fiscal show down over the borrowing limit. democrats say congress must raise the debt ceiling to pay the bills. republicans insist any debt hike should be accompanied by spending cuts. >> my idea is to have a comprehensive view. we talk about tax simplification and fairness as something we should be engaged in long before the fights came along. now we have a chance to do that with a heightened awareness bit public on why we need to do certain things. let's put on the table what it is we can in order to increase revenue. >> it underscores the appetite for more taxes on the other side. we resolved the tax issue a few days ago. everyone taxes are going up because that is how the law was written. a few days ago 35 percent of -- 95 percent of senate republicans voted for tax release for the american taxpayers and not a single republican senator voted to raise anyone's taxes. >> molly is covering this live from washington, dc. what is the latest? >> rather than private negotiations president obama is drawing public lines in the sand over fiscal fights ahead trying to win over americ
meeting with the president when it comes to the debt ceiling thing we will give you the is power whether it is the 14th amendment or not to just raise this sucker yourself so you can find creative hoops around the debt ceiling mess without addressing the underlying spending that led to that mess. it does explain a lot. >> the arrogance of hai harry d today and other senate leaders when they said we will not allow the republicans to hold the country hostage by considered unbalanced approaches? didn't we just see a massively unbalanced approach after the president promised that it would be bald? the promises mean nothing, neil. it is time for the republicans to recognize the president is playing. >> neil: they didn't want to look like obstructionist. the reid democrats are telling them they got from the election more were vindicated, nor taxes not more spending cuts. i would agree to far to say the president got the support of americans to go ahead and hike taxes on the rich. i don't subscribe to that view or support that view. nevertheless he probably won and that basis but did not win on
decide when to raise official debt ceiling, when you melt down your coin. this is actually gaining steam among some democrats. castle said "that was never the intent of anything that i drafted or that anyone who worked with me drafted. it seems to me that whatever is being proposed here is a stretch beyond anything we were trying to do." and some folks don't think we can should do it at all. i asked barney frank about it earlier? >> things that seem really cute and clever almost never work. there is a reality to things. i think this is an important political fight to have, and i think we will win it. i think we say to them, okay, let's take it to the country, do you really want to say we wouldn't pay the debt that we incurred. >> but the platinum coin has also attracted powerful backers. a nobel prize winner wrote "should president obama be willing to print a trillion dollar platinum coin if republicans try to force americans into default" yes, we will, being faced with two alternatives, one, the coin, the other, both vile and a disaster. the president, he said should offer to sign a bil
: the president says there's not going to be a fight over the debt ceiling we know the money has running out at this point and they have to do something and republicans have held it out during the fiscal cliff negotiations as the next best opportunity to negotiate and democrats need their votes to get that ceiling raised, but the white house says we're not going to negotiate and there's not going to be a fight. >> that's not what the republican said is saying. john boehner, speaker boehner after not getting half of his caucus, having to depend on democrats for the fiscal cliff vote is now saying that we gave in on taxes, now it's time for spending cuts, serious entitlement reforms, which is where, you know, the the bulk of our long-term fiscal problems are. and this is going to be used, the debt ceiling is going to be used to get cuts. mitch mcconnell has said something similar. so you have the president saying one thing, but those in the house and senate, the republican leaders, saying something completely different. >> shannon: yeah, they think this is going to be all about spending ab tha
, kentucky, democrat. caller: the thing about the debt ceiling and spending, what congress needs to do is start working out a bill for jobs. you get people back to work and you bring in more revenue and taxes. it would increase the revenue. you have less spending. you would not have to -- the deficit is automatic. it should be used to pay the government's bills, which are our bills. we should not be downgraded again. they are using that as leverage as social security, medicare, medicaid are not entitlements. people pay into that. i paid into it. i worked 50 years. i paid into it. it should not be part of any plan to cut entitlements. they are not entitlements. host: bill, twitter -- we have a poll on our c-span facebook page axin asking you if spending should be tied to the debt limit increase. so far, the no's are in the lead. it is one comment on facebook -- rick, virginia, independent. caller: for eight years of bush and dick cheney said we did not have to worry about the deficit. they say taxing is off the table because they have a tax on the rich. what happened to these companies
the nation's debt ceiling, but take a listen to how they express this. they say we believe you must be willing to take any lawful steps to ensure that america does not break its promises and trigger a global economic crisis without congressional approval, if necessary. high ranking democratic senators signing this including harry reid, dick durbin, chuck schumer and patty murray so there the democrats seem to be signaling to the president and shoring up his left flank that they are willing for him to take extraordinary measures to avoid breaking through the debt ceiling, that is, if republicans don't agree to raise the debt ceiling. they would like the president to do almost anything he can, including what -- apparently what they call the constitutional option which is the 14th amendment in which the president would simply say that it's unconstitutional not to honor the nation's debt and simply refuse to go along with the debt ceiling itself. maria? >> all right. eamon, thanks very much. >> howard, given what eamon just reported and the fact that you made the statement that we need
trillion in new revenue as we near the debt ceiling. the prospect of sequester cuts obviously facing us. the export -- expiration of funding. joining us now, republican strategist and a former political director, former fox news contributor. good to have you here. he says there is not a problem with israel or his record on iran. he is a good fellow ready to do a good job. >> i was struck by the president's language in nominating him, saying that he represents bipartisanship. of course, what the president means is he is a republican agrees with me. the problem is, he has no support among republicans, and i think a lot of democrats will be troubled by some of the things as the said. he is going to have to put up the good fight for himself to when this. lou: are you surprised. the newly elected senator from the grace to the texas who is sort of out there even ahead of the other senator from texas, john corning, just running away with this nomination. >> he is a very effective guy. he beat the establishment candidate in texas. a tremendous campaigner and will be there for a long time in tex
they can do that through the debt ceiling. as we said that is a problematic lever. in an odd way, something very rare happened with this fiscal cliff deal t reduced the leverage of either side, the republicans or the democrats to move forward, i think, on the side of the debt crisis irk debt challenge that they think is necessary. >> yeah, i agree. ron brownstein, as always, we appreciate the insight. thanks. >> thank you. >>> well, when north dame tykes the field for tomorrow's bcs national championship, there will be one very famous former player in the crowd. i got a chance to talk with the man who inspired the movie, "rudy." officemax can help you drive supply costs... down... ...and down. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... officemax. >>> danny "rudy" rudiger became a household name after the the 1993 movie "rudy," tells the story of a working-class kid's struggle to get into notre dame and to make history. i spoke to him about tomorrow's championship between notre dame and alabama and
to consider any lawful steps to avoid a debt ceiling crisis, even fit means acting without congressional approval. the associated press reports majority leader harry reid is among those urging the president to consider options like invoking the 14th amendment to find ways around the nearly $16.5 trillion cap on government borrowing. and newark, new jersey mayor corey booker is one step closer to a senate run after filing paperwork with the federal election commission this week. meanwhile, politoco reports a top aide to democratic senator frank lawsuit enberg called booker "self-absorbed" accusing the mayor of bee trying the democratic party by skipping a run against republican governor chris christie. >>> well, joining me right now we have msnbc contributing and managing editor joy an reid and white house reporter for the "washington post." and with a hello to both of you, david i'm going to go up to you first. let's go to afghanistan with the president accelerating the withdrawal of troops right now. what did we learn from that news conference as to a timeline? >> well, alex, it was ver
and those who did not -- taxes versus spending. but will those differences come up again in the debt ceiling debate? we have jeff duncan, a republican from south carolina, and representative elliot engle, a democrat from new york. gentlemen, thank you for joining us. representative duncan, you voted against the fiscal cliff deal. tell us why? >> absolutely. we are not in this situation in america with our economy and our government because we have under-taxed americans. we are here because we spend too much money. this plan had over $40 of tax revenue increases for every dollar that was cult. it should be $44 for cuts fur every dollar increased. >> you voted for the deal, wiam sure, reservations, as many have excess expressed? >> you either accept the deal or go over the fiscal cliff. and going over the fiscal cliff is not something this country needs. the repercussions would have been horr endous and the stock market would be plummeted. we were caught between a scprok a hard place. so i voted for t. now we have two more months until we get to the same type of fiscal cliff again. the grand p
democrat that i spoke with who worked closely with lew during the debt ceiling negotiations in 2011 said this, "he's the best. a total pro. he doesn't try to make policy, rather he simply tries to protect the president's priorities. no wonder the republicans hate him. they hate him for doing his job." >> stand by. we'll have more. we're waiting for the president of the united states to make the official announcement with jack lew. the next treasury secretary is confirmed by the united states senate. by the way, we'll hear later from the alabama senator, jeff sessions. he'll be joining me to talk about the president's decision to ask jack lew to be the next treasury secretary. senator sessions hates that idea. >>> we're waiting, as i said, for the president. stand by, much more of our special coverage right after this. >> he is that rare person in washington who has been here for years who has done some very hard things and brokered some serious bipartisan agreements and done it in a way that has earned the admiration of almost everybody he's worked with.  >>> president obama getting
the debt ceiling using the 14th amendment. what would be the impact be, karen, if the white house did that? >> at this point, it would be tricky, the white house has been consistent saying they don't believe they have the authority to do that. again, i think the central message around this debate where you see democrats and the president keep trying to come back to is, we're talking about paying bills that we've -- money we've already spent. we're not talking about the president's spending. we're talking about paying for things that congressas all right appropriated and said we're going to spend the money on these things. that's just good sound fiscal policy. so i think it's part of the reason they don't want to talk about the 14th amendment, frank list, let's not get sidetracked with coins and other gimmicks. let's actually sit down and do the work. that being said, i betcha we'll see a lot of those coins around here for the inauguration weekend. somebody is going to come up with that idea. >> and they don't cost a trillion dollars. one more idea out there, chip, speaker boehner has talke
more recently under president obama. he was a key player during the 2011 debt ceiling talks that almost shut down the government. going to have his work cut out for him. democrats and republicans on capitol hill gear up for that battle over extending the debt ceiling with the global embarrassment that serves as economic policy debate in washington these days. i have a hunch tim gheit neeith won't miss taking part in another one of those showdowns. >>> aig made the right decision, the decision not to join a crabby shareholder lawsuit against the u.s. government. probably heard by now about the lawsuit, led by former aig ceo maurice hank greenberg. it claims the terms of the $182 billion government bailout which saved the company possibly planet earth as well from financial meltdown were too harsh. the lawsuit was looking for $25 billion. pretty outrageous. but the board did have a responsibility to take a look at the lawsuit and decide whether or not to join it. the company's board met today and made the right decision. the case will go forward, however. aig won't be a party to it. the g
of budget battles when congress would be asked to increase debt ceiling. >> congress can limit the debt. and should not allow the e a budget plan from the white house. and the democratic senate. >> but they would prefer congress sort out this. >> this is not a deal that the white house is going to have. >> that will continue. >> mike emanuel live on the north lawn. thank you. >>> european union warns of new divide in continent between rich and poor. the unemployment numbers peak and the social welfare systems spray. amy kellogg has disturbing job news from london tonight. >> the euro zone unemployment average reached all-time high of 11.8%. up from 11.7 in october. in country like italy, the situation is particularly dire. youth unemployment registered to 37%. >> here they are lined up with jobs accusation center. >> i don't have any trust in my country. absolutely not. no way out. we have our backs against the wall. either you leigh, if you stay here you are condemned. >> some blame the austerity measures that led to violence across the continent for aggravating the employment situatio
begin with the next fiscal cliff and the debt ceiling in a letter to the president yesterday. senate majority lead are harry reid and other top democrats urged the president to take any lawful stps to protect the u.s. from defaulting on its debt and bypassing congress if necessary. is the president ready to invoke the constitution's 14th amendment. it's the big question, nbc news' kristen welker joins me. i understand you have a highlighter in your hand to display the seriousness of what it would mean to invoke the 14th amendment. >> the 14th amendment is very complicated. i want to make sure i'm covering my basis to give everyone a quick explainer of what it is and it goes to the post-civil war era and it is in the expansive rights of the civil war and there is a part of it that deals with the nation's did not and that's where this highlighter comes in. and it states, quote, the validity of the public debt of the united states shall not be questioned. that is the part of the 14th amendment that those senators that you just referenced are seizing on to say that the president should i
from the debt ceiling and cuts too deep or aimed # at the wrong program, she says, "hurt the nation in crucial areas like education, technology, science, and energy." what's on the table for cuts? no social security, no medicare, the major drivers of benefits, but are the drivers of debt and deficit. what's on the table for spending cuts? >> guest: okay. there's a lot of questions there. >> host: right. >> guest: first of all, you know, the major drivers of the current deficits are two things. tax cuts for the wealthy and wars in iraq and afghanistan. this has been well documented by economists. let's not pretend like grandmother is responsible for the deficits. she's not. i promise you. yeah, you know, what would define a spending cut, again, cutting the amount of money that would pay for prescription drugs. getting the same drugs for $130 billion cheaper by untying medicare and medicaid's hands and lay low them to negotiation. that's a cut to save money, impacting the big guy, not the little guy. you know, if we sub subsidize ie name of family farmers, agriculture corporations. we
raising the debt ceiling. we're live with that story coming up. jon: google chairman eric schmidt is in north korea right now despite the state department's misgivings over the timing of his trip. it comes just weeks after that controversial rocket launch. schmidt's delegation says he wants a first-hand look at social media and the economy in the communist nation. washington though is questioning his motives. greg palkot is live in our london bureau with more on that. so what does he say this trip is all about, greg? >> reporter: well, jon, schmidt is a newcomer when it comes to north korea but he is going with experienced hands, that is, traveling with him, the former new mexico governor bill richardson. he has been there several times. he dealt with political issues there he helped to get american nationals out. google chairman schmidt has the highest profile american businessman ever to go into north korea however. his obvious interests is in the role of the internet and how it shapes societies, even a place as secretive as north korea. here is at least what richardson is sayin
in the congress, and issues including the debt ceiling, immigration, and gun laws. newsmaker is this sunday at 10:00 a.m. and 6:00 p.m. eastern on c-span. now, a discussion about the balance between combating terrorism and national security. lisa monaco, who leads the national security division, talked about prosecuting terrorism cases and coordinating the work of law enforcement and the intelligence community. this is 25 minutes. [applause] >> thank you very much for that generous introduction. i am going to have to focus on the chinese proverb. it is not one that i had seen before. good morning, everyone, and thank you for coming out this morning. i want to thank the standing committee and the work she always does to put these events on and, of course, jim. and all of you and coming out this morning. i'm going to spend a few moments this morning talking about the role of the national security lawyer and the unique position the division occupies in that regard. and also about some of the emerging issues we are facing and we are focusing on in the national security division. we will have a few mi
of democrats is calling on president obama to ignore the legal debt ceiling and barrow more morning without the consent of congress. they've signed a letter endorsing this drastic and legally questionable action, arguing the president could invoke the 14th amendment to raise the debt limit if republicans stand in his way. quote, in the event the speaker, that is speaker john boehner follows through on his reckless threat, they write. we would support your use of any authority available to you including the 14th amendment to preserve america's full faith and credit and preserve further damage to our economy. a new gallop poll says 77% of americans say washington politics is causing serious harm to the nation. let's talk about it with steven hayes a writer for "the weekly standard" and a fox news contributor. this would give the president unlimited power to raise the debt ceiling any time he wanted because he deems it in theest interest of the country? >> it would indeed. there is another proposal that's been floated out there that suggest -gs that the president mint a trillion dollar coin to
and the democrats are fighting over the debt ceiling. liberals say, debt ceiling is a fiction, it's not even real, it may be the law, but it's antiquated, out of date. that's where we are now on the second amendment, where you hear people like andrew cuomo in his state of the state speech in new york last night. >> megyn: can i interrupt you on that, nothing you were going to go there, we cued up this sound and chris is going to make his point about this sound. listen to the governor of new york and we have bill clinton here, too, as well who you mentioned in power play. listen to them. >> i say to you forget the extremists, it's simple, no one hunts with an assault rifle. no one needs ten bullets to kill a deer. and too many innocent people have died already. end the madness now. i grew up in-- culture, but this is nuts. why does anybody need a 30-clip, a 30-round clip for a gun. why does anybody need one of those things that carries a hundred bullets. >> megyn: some bill clinton's was a little garbled, but why does anybody need one of those things that carries a hundred bullets. the guy in colo
. the deal also did not tackle the impending debt ceiling, a debate that will likely consume congress in the months ahead. joining me from washington, david leonhardt, he is the washington bureau chief of the "new york times." from chicago, austan goolsbee, a professor at the university of chicago booth school of business and previously chairman of the president's council of economic advisors. i'm pleased to have both of them back on this program. david, let me begin with you and tell me exactly where you think we are having that january 1 up to the last minute deal. what is the order of business for the executive branch and the legislative branch to do something to develop some sense of predictability and certainty and a road map for the future. >> well, we just missed a pretty substantial opportunity thief happen because i think the bigger deals that were on the table that president obama and speaker boehner were talking about would have removed some of these up coming deadlines, like the debt ceiling. and they didn't get one of those bigger deals. instead they got something in whic
a parliamentary party was not rewarded. taking the debt ceiling hostage was rewarded. calling the obama health care plan which was there room only a few years earlier socialism was not rewarded. that means, they have to begin to rethink themselves. importantly, democrats will not automatically embrace the same tactics in the opposition. i think that was an important change that creates a
like the debt ceiling. >> i think he can be. i think the reason they never brought up a budget is because the democrats would have had to -- defend openly in public debate an unsupportable, indefensible plan that their president was promoting. and they would have had to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes -- not a republican or a committee in the -- or a democrat in the house or the senate voted for a bill that mr. lew was the architect of. i don't think that speaks well for a man who would take on the position of treasury secretary. >> greta: president obama says he facilitates deal, citing president reagan and speaker o'neill on social security and president clinton and a republican congress on the issue of a budget deal. i am curious whether you agree that he has brought the two sides together. if so, where has that been in the last go-round, the last 18 months? >> the last fiscal cliff deal, he -- his chief of staff at the white house, he was involved in the negotiati
up for the debt ceiling battle. >> and balanced plan that would cut spending in a responsible way. it always asks the wealthiest americans to pay a little more. and above all, protects our middle class and everyone striving to get into the middle class. >> he promise add fair chance for the milling class, but under the new deal middle class workers will take a bigger percentage hit on their paycheck. charlie gasparino on the impact the fiscal cliff deal will have on every american. >>> plus, he was 11 years old and hungry when he asked her for money on the street. she didn't give him money but something much more valuable that has lasted more than 25 years. ladies and gentlemen, governor mike huckabee. [applause] >> thank you very much. a great audience for this new year. and happy new year to you. welcome to huckabee from the fox news studios in new york city. well, it is hard for me to come up with a proper superlative to express the disgust i got with president obama and the congress. the gamesmanship and stagecraft that they substituted for statesmanship by rushing through a l
taxes but did they give republic upper hand on the next fiscal fight. gearing up for the debt ceiling battle. >> and balanced plan that would cut spending in a responsible way. it always asks the wealthiest americans to pay a little more. and above all, protects our middle class and everyone striving to get into the middle class. >> he promise add fair chance for the milling class, but under the new deal middle class workers will take a bigger percentage hit on their paycheck. charlie gasparino on the impact the fiscal cliff deal will have on every american. >>> plus, he was 11 years old and hungry when he asked her for money on the street. she didn't give him money but something much more valuable that has lasted more than 25 years. ladies and gentlemen, governor mike huckabee. [applause] >> thank you very much. a great audience for this new year. and happy new year to you. welcome to huckabee from the fox news studios in new york city. well, it is hard for me to come up with a proper superlative to express the disgust i got with president obama and the congress. the gamesmanship and
the country's debt ceiling without debate. she told face the nation viewers the president has the 14th amendment on his side which states the nation's debt shall always be paid. she says that she and the democratic party will continue to focus on growing and supporting the middle class. >> the class is the strength of our country. and those we have to strength strengthen it and help those who aspire to be it in, be in it. but it's about a sense of community. and this is the epiphany i want them to have, not just we're only here for the wealthiest people and if it trickles down, that's a good thing. if it doesn't, so be it. that's the free market. that's not how we see it. >> pelosi met with hundreds of constituents and colleagues today for the annual new year's celebration in san francisco. meteorologist rob mayeda here. it's probably a good thing that nancy pelosi held that meeting indoors today. >> if you look at today's highs, it roi cool day around the bay area. interesting, the coolest temperatures we had, parts of the south bay and east bay where the clouds really didn't clear ou
and the debt ceiling. what could be more important than 87 dead americans every single day including kids. historically the republican party has been owned by the nra and the democrats have been literally sort of kowtowed into submission. there is a debate finally going on and it's outrageous that the gun guys are saying--and i'm a gun owner--but it's crazy. they're saying arm teachers, armed guards at school. now in the face of 20 dead babies they're going to parade around their guns and say our president, who is absolutely a second amendment supporter. he has done nothing on guns in his four years is now saying let's have a background check and a ban on assault weapons. these are reasonable initiatives. >> jennifer: most of us watching this, and i know you are probably at the he head of this parade has seen this happen time and time again. there is always the focus and then it dies down. do you think that because of bloomberg's focus and financing that there could be a counter balance that might actually be effective as a way to battle the gun lobby in congress? >> i do think it's possi
to do that from the intimations of what the debt ceiling negotiation will be like? >> well, i think we see already with the chuck hagel nomination, which a lot of democrats don't like, i see that as a way that obama is actually trying to shove a wedge into the many divides that we see right now in the gop. the gop is saying no in part because that's the system of our governance. it's not a hole in our democracy, it's a design, that we're restraining those who want to use government to its maximum capability. however, saying no isn't necessarily popular and you need to say yes to something. republicans are legitimately divided amongst themselves about what they want to say yes to, so when you nominate someone like hagel, you let republicans fight each other about republican issues, so i think that's how you're going to see the president do it. that said, you can't run the entire country without the house of representatives, so obama is going to have to make compromises. >> ari, i want to move to you on this. you really sort of discussing hopefully a move towards pragmatism, towards the
to debt ceiling. unless we pass the bill, the government can't have more money to spend. they got to agree to budget cuts as part of that and continued resolution. unless the house of representatives votes for continuing resolution for the budget to keep going, unless that happens, they are not going to be able to make additional payments, and so we have tremendous leverage to hold spending down. charles: disagree a thousand percent on the debt ceiling. i don't think republicans played the public relations game well, and if that goes over, they take 1,000% of the blame, and i don't think they have the stomach for that. it might be where they want to make a stand. what's the stand ultimately, no matter what course they use, what does the stand ultimately look like? what do they ask for? what do they get? >> boehner made the point we don't have to give the president's a year east worth of debt ceiling, but a month's worth. we can keep him on a short leash, and the continuing resolution, that's shorter. what we did two years ago, 20 # 11, was to let the president have budgeting authoritying f
felt would be resolved ultimately in some form the way that it was. the debt ceiling crisis does sort of put these o'two sides, the republicans and democrats and the white house and congress head to head. once again right now, the republicans have insisted that the only way they will raise that debt ceiling past the 16.4 trillion mark where it is right now is if they get dollar for-dollar spending cuts that match that raise. the president has said, his press secretary has said, they will not negotiate on this issue. on the fiscal cliff issue they were willing to negotiate. there were obviously conversations behind the scenes. we know the leaders of congress came here to the white house. on the debt ceiling issue it is dramatically different. and on top of that you also have two other issues where these two sides will be going head to head. again, the issue of sequester. and obviously, the continuing resolution, basically the way the government is paid for going forward. so we've got a busy couple months ahead of us. >> we do. hey, peter, we have to take note that we're going to see yo
that they have, which is the debt ceiling. maybe if there was more compromise between the democrats, mitch mcconnell talking about a one-term president and all that kind of stuff, but if they could work together, you would not see the republicans try to take these kinds of drastic measures. host: thank you for the call from california. guest: i have great affection for my friend here, jim manley, and he has great affection for harry reid, but i think harry reid has been a disaster as a leader. there is not -- they do not allow for real debate on the big issues. the fact that they have not passed a budget in three years in the senate is one of the most irresponsible acts. we need a budget more than ever. we need to have a sense of where the spending is going. we need a debate on the senate floor about this. we just have not had it because the senate majority leader is doing his best to shield his numbers front of votes. that is why he "builds the trees" before senator mcconnell has any chance to build any real debate on things. i think that mcconnell and reid, both of them have to get toget
cuts. this nomination hearing is going to be the floor about that particular issue just like the debt ceiling. >> well, i think it can be and i think the reason they never brought up a budget is because the democrats would have had to defend openly in public debate an unsupportable, indefensible plan that their president was promoting and they would have to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes. not a republican or democrat in the house or senate voted for the budget that mr. lew was the architect of. i don't think that speaks well for a man who would take on the great position of treasury secretary. >> greta: president obama said that he had facilitated deals. he says that he has worked with republicans and democrats and president reagan and speaker o'neill and bill clinton and republican congress on the issue of a budget deal. i'm curious whether you agree he has brought two sides together and if so, where has that been at least in the last go-round, at least the last 18 months?
. my peeling has been like -- you know, let's do a permanent fix on the debt ceiling because -- it is congress holding itself hostage on this. keeps coming back. >> the old -- blazing saddles. >> that's right. find something they can take, that -- maybe -- you know, even democrats can claim as a win also. let's look for a long-term fix my idea would be let's face chained cpi. it is absurd. the president supports this. in exchange for permanent lifting of the debt ceiling. >> i want to ask you this was something in the op-ed today -- my apologies for missing who wrote it. it was about the coin and said that's an absurd proposal but if the debt ceiling doesn't get raised temporarily, it is better off if the government issues ious essentially. >> yeah. it is essentially what we would be doing. i mean -- you know, you call it whatever you want. it is essentially the trillion dollar coin would be an accounting fix. it would be -- temporary transfer of money from treasury to the federal reserve. we would pay our bills on time until the debt ceiling gets raised. then coin would go b
this as an opportunity to seem like they're in lock step after what we saw with the debt ceiling. at least in terms of verbage going into this, i think you'll hear more consensus on the r side than on the democratic side. >> i want to ask you this question because it's been thrown out there as a reason as to -- aas a reason for the republican resistance, which is that chuck hagel is a reminder of the republican position on the iraq war. >> well -- >> and that is -- that's just too much for them to deal with. >> there's a whole bunch of things behind here. there is not just the iraq war. there was what's perceived by a lot of republicans as the obama administration's failure to negotiate a status forces agreement with iraq to allow u.s. forces to stay there, and iraq has gone downhill. that's the narrative. there's also bengazy, and there's sort of a -- there's been building this sense among republicans that the obama administration is not strong enough on counterterrorism, is not tough enough, somehow is hiding its ineptness, and i think that's what's behind this, and it's all going to come out, ag
and the nation's crushing debt. top democrats are now signaling they want to go back and get more of your money in the debt ceiling debate that is coming, despite the fiscal cliff deal that saw taxes go up 77% of americans. nancy pelosi says it is not enough money really that was garnered through that deal but republicans vehemently disagree. they say it is time to get serious about cutting spending. watch some of this. >> in this legislation we get $620 billion, very significant, high-end tax, changing the high-end tax rate to 39.6% but that is not enough on the revenue side. >> the tax issue is finished, over, completed. that's behind us. now the question is, what are we going to do about the biggest problem confronting our country and our future and that's our spending addiction. it is time to confront it. martha: all right. joined by charles payne, fox business network contributor. charles, good morning. >> good morning. >> good to talk to you. what is your reaction to that back and forth? >> listen, martha, we know they're setting up for the battles, debt ceiling, sequestration and even th
hostage over the debt ceiling, refuse to budge and do anything on comprehensive immigration, stand in the way of gun control, i think those things could add up to democrats taking control of the house and then the president would be able to get all of these objectives accomplished. >> well, we'll see. >>> okay. straight ahead, aside from being a friday, it's an important day in the fight to protect our kids. our resident mom in chief krystal explains next. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health p
that there was a meeting during the whole showdown over the debt ceiling in which some of speaker boehner's closest allies met in the office and said to him, if you come back with a deal that you fashioned with president obama doesn't get more than 100 votes or so, and eric cantor has already started to whisper a campaign against you, and we saw it happen with speaker newt gingrich and it can happen to you. speaker boehner took that to heart and he walked away from a deal shortly after that. >> coming to the interplay between the republican side in the second, task list. the president was initially doing a "des moines register" editorial board and did not get the endorsement of that paper and one of the things he said is that he believed he could get a grand bargain struck on the debt ceiling if he were reelected on november 6. based on what you're saying, it may not be possible if the freshmen, now sophomores, and some of the new members don't essentially give him their blessing to go cut a deal. they may feel in the same tough spot now that they were last year. >> a grand bargain based on what you're sa
on the next fiscal fight. gearing up for the debt ceiling battle. >> and balanced plan that would cut spending in a responsible way. it always asks the wealthiest americans to pay a little more. and above all, protects our middle class and everyone striving to get into the middle class. >> he promise add fair chance for the milling class, but under the new deal middle class workers will take a bigger percentage hit on their paycheck. charlie gasparino on the impact the fiscal cliff deal will have on every american. >>> plus, he was 11 years old and hungry when he asked her for money on the street. she didn't give him money but something much more valuable that has lasted more than 25 years. ladies and gentlemen, governor mike huckabee. [applause] >> thank you very much. a great audience for this new year. and happy new year to you. welcome to huckabee from the fox news studios in new york city. well, it is hard for me to come up with a proper superlative to express the disgust i got with president obama and the congress. the gamesmanship and stagecraft that they substituted for statesmanship b
, and we know these three issues are coming up, the sequester, the debt ceiling and the continuing resolution to operate the government. why not sit down and not wait until the last minute to get these matters resolved? look, the biggest problem confronting the country is not taxes, it's spending. we don't have this problem because we tax too little. we have it because we spend too much. we now have a $16.4 trillion national debt, as big as our economy. that alone makes us look a lot like greece. this administration has driven spending from 21% of our economy up to almost 25% of our economy. we've got to stop using the credit card, and any opportunity we have to engage the other side in a discussion about quitting the spending spree, we're going to engage in. >> and the question is, how do you follow through on your strategy, and, you know, a lot of your allies are worried about that prospect. "the wall street journal" editorial page said "the political result would be far worse if republicans start this fight only to cave in the end. you can't take a hostage you aren't prepared to
the debt ceiling, one creditor dropped the nation's credit rating. the international monetary fund warns that another fight like that will affect the world economy. >>> it will soon be legal for some people to smoke pot in dc. the first medical marijuana clinics will open soon, and it's been a long time coming. medical marijuana was given a thumbs-up by district voters 15 years ago. now, it's about to become a reality, only if you live in the district and if you have a doctor's order. fox 5's bob barnard has the details. >> reporter: occupying that distinguished-looking bright blue storefront on north capital street just off new york avenue is a company called capital city care, getting ready to open its doors in a matter of weeks. what should be the first of four businesses in the city to begin legally selling marijuana. >> some of them will be open by early spring and the rest of them will be opening throughout the rest of the year, at which point qualified patients who have a doctor's recommendation will be able to purchase marijuana from these stores and take it directly home and use
the constitution allows him to raise the debt ceiling on his own, again, congress be damned. add it up, i'm telling you, barack obama is doubling down. and here's the kicker. with plenty of compliant democrats in congress to help. but those democrats might regret what they're aiding and abetting, because they're the ones who'll be fumbling and fuming. when nancy pelosi pushes the 14th amendment to give the power to bypass congress, she is giving him the power to bypass her too. you don't need a trillion dollar magic coin to realize this is nothing less than a high stakes power grab. now, it's not unusual for presidents of either party to try. it is very unusual for so many in both parts to lay down and let him do it. all right, here to hash it out, constitutional expert ilya shapiro and sabrina schafer as well as "the wall street journal"'s steve moore. steve, a disturbing series of events, to put it mildly. >> no question about it, neil. and, look, we have a three-branch system of government in washington. the president is the chief of the executive branch, that means the president doesn't make th
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